Full Suite Modular and Manufactured Home Loans

Modular and Manufactured Home Loans!

We are one of very few lenders that offer a full suite of products for Modular/Manufactured Homes!

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Top Flite Financial, Inc. offers a range of manufactured and modular home financing options to meet the needs of all types of home buyers. This includes conventional loans for top qualifying applicants as well as a wide range of other loan programs which include opportunities for prospective buyers who can afford a home today but have had some credit challenges in the past. The following information will provide details about our modular and manufactured home financing options so you can find the best financing for you.

FHA Loans

FHA loans are insured by the FHA and best suited for borrowers who don’t have a large down payment and that have less than perfect credit. Through our FHA loan programs, we can often qualify individuals who have had past credit challenges. We also can often assist buyers with higher debt to income ratios who have other strong compensating factors to help justify their ability to apply a higher percentage of their monthly income toward their housing payment. To be eligible for FHA financing, the manufactured home you are purchasing must have been built after June 15, 1976, and be permanently fixed to a foundation. If you are purchasing an existing manufactured home that is not currently affixed to a foundation, we may be able to structure a loan for you that will allow the foundation to be upgraded to FHA standards. Some of the perks of this program include a low 3.5% down payment, 30-year loan terms, and low-interest rates.

VA Loans

We have special VA loans for veterans in need of financing for manufactured and modular homes. While many manufactured home financing companies do not offer VA loans, Top Flite Financial offers these loans to qualifying veterans with a credit score of 600 or higher. Our VA loans allow borrowers to go up to 100% financing. Most VA manufactured, and modular home loans require a VA funding fee that can be financed; however, all VA loans we offer are exempt from monthly mortgage insurance fees.

Conventional Loans

Top Flite Financial is one of only a few manufactured home financing companies that offers conventional loans for manufactured and modular homes with terms that are similar to site-built home mortgages. At Top Flite Financial, these loans do require a debt to income ratio below 45% and credit score of 620 or higher. The maximum loan limit is currently $424,100; no upfront or monthly mortgage insurance premiums apply on loan to values of 80% or less; and unlike the other manufactured home financing options, conventional loans can be used for second homes. Conventional homes can also be used to finance modular homes as investment properties.

The Top Flite Difference

When it comes to financing manufactured homes, Top Flite Financial is one of the top rated manufactured home financing companies in the country. We have a long history of customer satisfaction and offer financing for manufactured and modular homes nationwide.

Although Top Flite Financial is an industry leader in financing manufactured homes, it is not just our knowledge and great loan programs that make us the top choice for manufactured home financing. We deliver personalized service to each and every one of our loan applicants that far exceeds other manufactured home financing companies. We understand that every situation is different, so we take the time to understand your circumstances and craft the right loan for your situation. We are also friendly, understanding, and eager to help. We will go out of our way to answer your questions about manufactured home financing while promptly answering your emails and calls to explain the loan process and put your mind at ease.

We are confident we have the right manufactured home financing option for you. Click below to fill out a brief survey and we will work up a free proposal right away!

Do I Qualify?

Our team will review your credit and income on Day 1 to determine eligibility. In addition to your credit and income, here are some key items you must meet for your home to qualify: